If it is "only" Anniversary Live I think it is not to late to announce, for tour it whould be a bit too late, I agree with you on that.
And also for Anniversary live I think she could easily sell out Saitama Arena on a 10-20k seating. Hall whould be too small for anniversary concert.
I know her popularity is decreasing every year, but anniversary live is different than a normal Tour, especially with her ear getting worse also casual or former fans might hop on the chance to see anniversary concert.
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Arena Tour 2012 A ~HOTEL Love Songs~ Marine Messe Fukuoka ~ 21.04.2012
Arena Tour 2015 A ~Cirque de Minuit~ Osaka Jo Hall ~ 25.04.2015
Arena Tour 2018 ~POWER OF MUSIC 20th Anniversary~ Saitama Super Arena ~ 07.04.2018
Arena Tour 2018 ~POWER OF MUSIC 20th Anniversary~ Saitama Super Arena ~ 08.04.2018
25th Anniversary Live Tour ~ Beisia Culture Hall Gunma ~ 04.11.2023
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